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Asset/Investment Management
tensilecapital.com

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Investments

2

Service Providers

1

About Tensile Capital Management

Tensile Capital Management is a financial investment advisory firm headquartered in San Francisco, California. The firm manages 2 accounts totaling an estimated $301 Million of assets under management.

Tensile Capital Management Headquarter Location

Two Embarcadero Center Suite 1660

San Francisco, California, 94111,

United States

415-830-8160

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Latest Tensile Capital Management News

Tuesday Morning Announces Successful Completion of Rights Offering

Feb 10, 2021

News provided by Share this article DALLAS, Feb. 10, 2021 /PRNewswire/ -- Tuesday Morning ("Tuesday Morning" or the "Company") (OTCQX: TUEM ) today announced that it has received gross proceeds of $40 million from the sale of  shares of common stock from its previously announced rights offering, which closed on February 9, 2021. In accordance with the terms of the Company's Plan of Reorganization, all proceeds from the Rights Offering will be used to make payments of the claims of general unsecured creditors in the Chapter 11 Cases. "Thank you to our shareholders for their support and the confidence they have shown in Tuesday Morning's future, as well as to Osmium Partners and Tensile Capital Management for backstopping this successful rights offering. This capital gives us the ability to fulfill our obligations to the general unsecured creditors," commented Steven Becker, CEO of Tuesday Morning. The Rights Offering was the final component of the Company's exit financing under the Company's Plan of Reorganization. Through the Rights Offering, eligible holders of the Company's common stock could purchase up to $24 million of shares of the Company's common stock at a purchase price of $1.10 per share, and Osmium Partners, LLC or its affiliates, including a special purpose entity affiliate of Osmium Partners, LLC jointly owned with Tensile Capital Management (the "Backstop Party"), agreed to purchase $16 million of shares of the Company's common stock at a purchase price of $1.10 per share. In addition,  the Backstop Party agreed to purchase all unsubscribed shares in the Rights Offering. The subscription period for the Rights Offering expired on February 1, 2021 and closed on February 9, 2021, with eligible holders purchasing 18,023,226 shares for approximately $19.8 million and the Backstop Party purchasing the 18,340,411 shares for approximately $20.2 million. Pursuant to the terms of the backstop commitment agreement, the Backstop Party also received a backstop fee of 1,818,182 shares and a 5-year warrant to purchase 10 million shares at a price of $1.65 per share. About Tuesday Morning Tuesday Morning Corporation is one of the original off-price retailers specializing in name-brand, high-quality products for the home, including upscale home textiles, home furnishings, housewares, gourmet food, toys and seasonal décor, at prices generally below those found in boutique, specialty and department stores, catalogs and on-line retailers. Based in Dallas, Texas, the Company opened its first store in 1974 and currently operates 490 stores in 39 states. More information and a list of store locations may be found on the Company's website at www.tuesdaymorning.com . Media Contact:

Tensile Capital Management Investments

2 Investments

Tensile Capital Management has made 2 investments. Their latest investment was in Aspyr Holdings as part of their Private Equity on February 2, 2020.

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Tensile Capital Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/11/2020

Private Equity

Aspyr Holdings

Yes

1

1/9/2013

Unattributed

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$99M

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10

Date

2/11/2020

1/9/2013

Round

Private Equity

Unattributed

Company

Aspyr Holdings

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Amount

$99M

New?

Yes

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Co-Investors

Sources

1

10

Tensile Capital Management Acquisitions

1 Acquisition

Tensile Capital Management acquired 1 company. Their latest acquisition was Keraben on December 23, 2014.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/23/2014

Leveraged Buyout

1

Date

12/23/2014

Investment Stage

Companies

Valuation

Total Funding

Note

Leveraged Buyout

Sources

1

Tensile Capital Management Service Providers

1 Service Provider

Tensile Capital Management has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Leveraged Buyout

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Leveraged Buyout

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Tensile Capital Management Team

2 Team Members

Tensile Capital Management has 2 team members, including current General Partner, Douglas J. Dossey.

Name

Work History

Title

Status

Douglas J. Dossey

FdG Associates

General Partner

Current

Arthur C. Young

General Partner

Current

Name

Douglas J. Dossey

Arthur C. Young

Work History

FdG Associates

Title

General Partner

General Partner

Status

Current

Current

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